Santo Domingo (EFE).- The United States International Development Finance Corporation (DFC) opened a regional office in the Dominican Republic, which will focus on identifying essential investments to stimulate economic growth, create jobs and address challenges in sectors such as energy, health , creation of necessary infrastructure, technology and financial services.
This was reported this Tuesday in a statement by the United States Embassy, whose Chargé d’Affaires, Patricia Aguilera, noted that the presence of the DFC “shows our commitment to supporting sustainable development and economic growth” in the Dominican Republic.
This country “has a dynamic business environment and a robust private sector, standing out as one of the largest and fastest growing economies in the Caribbean,” commented Michael McNulty, regional director of DFC.
“The country’s stability is integral to the prosperity and security of the surrounding region. “We are excited to expand our collaboration with Caribbean partners to fulfill the United States’ promise to support the Dominican Republic and its neighbors in developing their full potential,” he added.
The “strategic” location of this office “emphasizes the agency’s commitment to deepening partnerships and addressing the unique challenges facing the Dominican Republic and Caribbean countries, ultimately contributing to a more stable and prosperous region,” he added.
The DFC agency’s investment in the region exceeds $9 billion, according to the statement. The work DFC is already doing in the country includes a $200 million loan to Banco Popular to support small business financing and a recently announced $42 million loan guarantee to the Reserve Bank to support women entrepreneurs, as well such as small business loans and environmental sustainability. EFE
